View or download a PDF of the letter here.
Today, AFR and 215 civil rights, farm, small business, community, consumer, and other advocates sent a letter urging the House Financial Services Committee to reject an effort to eviscerate the civil rights and fair lending law for small business and farm loans. The proposed legislation would exclude almost all banks and delay even further the small business and farm loan disclosures put in place in the 2010 Dodd-Frank Act. The law, modeled on the four decades of the successful Home Mortgage Disclosure Act, provides much needed information and transparency for lenders, communities, and local governments to identify small business and farm credit needs, gaps in access to credit, and patterns of lending discrimination.